If you receive a form 1099-MISC for a bonus, then you are not considered as self-employed and do not need to file a Schedule C. No expenses allowed because this is not self employment income.
In TurboTax, enter your form 1099-MISC and follow the interview until you arrive at the page titled Did this involve an intent to earn money. Answer that this did not involve an intent to earn money. The amount will be reported as Miscellaneous income and will not be subject to Self-employment tax.
Form 1099-MISC - Other income
- It's money you received from something like a prize, award, lawsuit settlement, etc.
- It's most often on a 1099-MISC (Box 3)
- You report it on Line 8 of Schedule 1 of the Form 1040
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